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Ron Chalmers, edmontonjournal.com9 V" o1 d$ Z+ J* p0 b1 |3 j
Published: Wednesday, April 04, 2007
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3 S6 T( N" Y" |) {9 m- bAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.3 A/ c3 a3 u8 I2 {3 ^
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.& q3 O) F- H# M) B2 H& `: u# w) q5 Y
+ F6 J$ B5 }, ~% m% [( K“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.4 i* q! f3 a/ V- l8 _0 V; |
Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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